Wells Fargo & Company MN boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,380,794 shares of the information technology services provider’s stock after purchasing an additional 245,431 shares during the quarter. Wells Fargo & Company MN owned about 1.62% of Fidelity National Information Services worth $459,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Guardian Life Insurance Co. of America increased its holdings in shares of Fidelity National Information Services by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 9 shares during the period. Motco increased its holdings in shares of Fidelity National Information Services by 12.3% in the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 131 shares during the period. Morgan Dempsey Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 3.6% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after acquiring an additional 45 shares during the period. IFP Advisors Inc increased its holdings in shares of Fidelity National Information Services by 6.8% in the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after acquiring an additional 84 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Fidelity National Information Services by 77.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 626 shares during the period. Institutional investors own 86.97% of the company’s stock.

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Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.31% on Thursday, reaching $92.76. The company had a trading volume of 178,540 shares. The firm’s 50 day moving average is $90.86 and its 200 day moving average is $85.40. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $93.29. The firm has a market capitalization of $30.83 billion, a PE ratio of 46.50 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. Fidelity National Information Services’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services declared that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the transaction, the director now directly owns 43,231 shares in the company, valued at approximately $3,896,842.34. The disclosure for this sale can be found here. Insiders sold 420,549 shares of company stock worth $37,988,679 in the last three months. 2.66% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. Barclays PLC reiterated an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Stephens reiterated a “positive” rating and issued a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reiterated a “buy” rating and issued a $97.00 price target on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $92.20.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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